* Index change to take place March 22
* Siemens Energy spun off from Siemens AG in 2020
* Shares have gained more than a third since listing
BERLIN, March 4 (Reuters) - Siemens Energy, which
supplies turbines to the power industry, will replace Nivea
manufacturer Beiersdorf in Germany's blue-chip DAX
index from March 22, stock exchange operator Deutsche Boerse
Spun off from former parent Siemens AG last year,
Siemens Energy, which also owns a 67% stake in wind turbine
maker Siemens Gamesa, quickly joined Germany's midcap
index after its listing in September.
Since the listing, Siemens Energy shares have gained more
than a third, giving the company a market valuation of about
21.89 billion euros ($26.39 billion).
"The fact that we will become a DAX member so soon after our
initial listing on the stock exchange is a great recognition of
our company's proposition and the commitment of our employees,"
Siemens Energy Chief Executive Christian Bruch said.
"As a leading energy technology company, we want to actively
shape the energy transition and grow profitably."
Beiersdorf will take Siemens Energy's place in the MDAX.
($1 = 0.8295 euros)
(Reporting by Paul Carrel and Christoph Steitz; Editing by
Thomas Escritt and Jane Merriman)